Bitcoin Forum

I did this in 2011, only because I couldn't see the ROI and I didn't have the resources available to me to make any money off of it. With the difficulty of earning so high, and the inability to get any kind of return out of it right now, I don't know what to think. I have a Dell. It has an integrated card. I know GPU's are a thing of the past, asic's and what not are the new IN. I just don't know if this is worth it in the long run, call me crazy. I just don't think I know enough about BTC and how the markets work to actually risk money I don't have on something that may or may not dive or explode. I don't really know what to do or think about this because the last time I left, BTC was only $14, now it's over $600. I watched it dive and fall a few times over the next couple of years, then I saw it was up towards $1000 bucks. Maybe it was the "I need money now" in me that made me come back, I don't know.

I'm openly willing to admit that I'm in this for alternative reasons, I need a place to live, a car, and enough money to move somewhere until I get a job. I can't do that with the current hardware I have. It's impossible. If I were to mine I doubt I would make enough bitcoin to buy a coffee.

I wish the difficulty would come down at least a little, just enough to make it easier for people who are coming back or newbies. Because a lot of newbies are younger folk who don't know the history, or maybe they've been watching and haven't wanted to make the dive til now. Why should all of the early adopters be able to just hold on to 20k worth of bitcoin or whatever and not help contribute to the cause? Why shouldn't everyone have a little piece of the pie. Yeah, I've got a roof over my head, I've got a computer, but that's ALL I've got right now. I can't afford to eat more than ramen, I can't afford to drive a fancy car, or drive an hour to find a job (I live in the deep south jobs are nowhere in town, and even the trip in town is like a 30 minute drive).

Someone help me not be skeptical because I don't want to miss being a part of this, I like the forums. I like being a part of  the community, but I'm really getting to the point where I need this money now, I need a couple BTC's to tuck away so that I can have some kind of future and get to a place that my life at 33 isn't just misery.

sorry but it's your responsibility to decide for yourself.. you know how people around here feel about bitcoin, but ultimately whether you swim or not is up to you; especially if it goes down south, you might end up blaming them.

But I'm not looking to blame anybody for anything, that's the point. I don't fault people who are early adopters, that's great I'm happy you have a little security and future, but if I'm trying to get my little piece and I can't because the difficulty is so high and everything is moving and phasing out so fast how is that my fault? I don't have time in the day to look over extensive charts and predict whether or not is profitable to get BTC nor do I have the time really to mine.

I'm just saying, the difficulty should come down, it's ridiculously too high.

Mining went out of fashion (if you were looking to make a reasonable profit) like a year back from now - it's become ridiculously hard to get into the game and the electricity overheads and upfront costs don't really help. I would advise you not to get into BTC unless you're trading disposable  cash and not your life savings. There is a reasonable probability that we nose-dive so if you can't deal with the losses (it sounds like you're having trouble as it is) don't invest in BTC or mining equipment. Get your cash flow in order first.

maybe just sell your hardware and then buy some bitcoin then?

It doesn't sound like you should be investing anything in Bitcoin.

My suggestion is to make your own job. If you can get $50 together buy a squeegee, some rags, a window cleaning bucket and some window cleaner and walk (or drive if you can) to strip malls and offer to clean the windows of businesses for $20-25 each. Most of them will turn you down, but if you ask 20-25 businesses you'll get 4-6 jobs and make $100+

First off, make sure you know how to get a window clean. Practice on a few before you start. Or, better yet, tell the first few businesses you'll do it for $5 if you can practice on their windows. They will appreciate your attitude.

There are many other things you can do for money. If you like working on computers you can design Web pages for people on Fiverr.com. Or if you're good with English offer editing skills. You can also find good deals at garage sales to sell on eBay (or better yet https://cryptothrift.com/)

I know things are hard but quit whining and make yourself useful. Useful people become indispensable, and indispensable people can demand good money. Things will get better.

If your motivation is to make high returns on your investments in short periods then it's always going to be a gamble

You said and I quote


There is plenty of information in these forums/on the internet to make very safe decisions when investing in Bitcoin

#1 Rule would be not to invest any money you're not willing to part with

Sounds to me though you may have problems with other finances and if you're looking at BTC to be the miracle cure to get you out of those problems you're going to have a bad time I think

it's really frustrating being poor, and it's really frustrating not knowing how to eradicate it, but before that.. you might need to stop making yourself a victim of bitcoin.

I read your OP twice and I still could not grasp what you are dropping out of? Mining or bitcoin in general? You said you need some bitcoin tucked away to secure some future. In fact you don't. From what you said, you need cash now to pay your bills. Saving bitcoin for the future is not going to help your current crisis, neither would mining.

Let your sig campaign deal with saving bitcoin for the future. You need to find anything that pays. Do not waste time on mining, it is not what you need right now.

why not just sell half and hold the other half. you have the best of both worlds then.

few quid in the back burner and some bitcoin to hold if it ever sky rockets.

As someone above stated hold on to what you get from your signature campaign and get the rest of your life in order. This isn't an either or proposition. Bit coin will not fix the immediate issues you are having but that doesn't mean you have to completely give up on it.

Pack your bags and move to were the work is, it is not as unusual as you may think. People from all across the social spectrum do it all the time. Labours move to mining towns to work hard, earn cash and go home. Professionals work long hours were ever the company needs them, not usually in the same location for more than 6 to 12 months. Contractors follow the dollar or BTC.

Expand the limits of your wealth creation system to beyond the region you reside in and expand it to include the entire world. Now you have a huge list of potentials to explore.

Do not limit yourself to thinking about a standard of living that is considered high in your current country. For an American, try South East Asia for 12 months were you can live like a king on $100 a week. If you are in Asia, try language skills in Europe. If your Euopean, try oil & gas in Russia.

Get my vibe with your situation? Only you can turn it around...

As for BTC, it will operate beyond your wishful thinking. Price will continue to jump in leaps as the demad outstrips supply. Difficulty will continue to rise in line with more miners being implemented.


Overall, get a plan and give it a go!

Best to have a plan than none at all
BTC and your life are separate issues. Compartmentalise and address each issue individually.
Good luck!

I'm not making myself a victim of bitcoin, that's not the issue. I just don't see the point, it's so ridiculously hard now to get any at all aside from the tiny jobs and sig campaigns that it's stupid. It should be easier than this, it should be more fair. I'm not going to gamble what I have, that's for sure.


BTC won't fix it, but it will certainly help in the immediate future for security reasons. It would give me time to look for a job somewhere, so I don't have to worry about what my next move will be.

You guys I can't fix what's wrong right now because I don't have the resources, the resources aren't coming in because that would require getting a job, I can't get a job because their are none where I'm at and I'm helping my mother who's fighting cancer, not even the local Walmart's is hiring. I need to move back home to find any kind of work, I'm in the south USA and I need to move back to the East. That's the problem, I'm stuck in a continuous loop, I can't leave my mom right now because she's only halfway through treatments and each one is getting harder on her. I help around the house letting her dogs out, cleaning up, mowing her lawn, I'm doing the best I can. Once she's done with the chemo treatments I'm going to be moving on, she knows this and agrees it's time. But until then I NEED security, or some kind of secure background. It's just for my own well being otherwise I'll end up homeless or on the streets. My family does not understand my situation, that's the bottom line.

^ you seem to think of yourself as someone who is entitled to bitcoin.. while putting relatively little effort, and now you are complaining how it's so not easy.. you seem like someone who have a victim mentality, at least to me.

I don't think I'm entitled to anything I don't know where that is coming from, I don't think I'm a victim.

So basicly, you made alot of bad decisions (not upgrading your mining hardware, running away on first large drop you encountered etc.) and your asking us for help? With all i read from you i'd advise: "Make your decision, and han do exactly oposite"  ;D

For real...you'r bad at this...you eather, buy (or hold what you have now) and leave it be for year or two....as your decision making isnt strongest thing you have.

you sem to be narrow minded about bitcoin. and only thinking that bitcoin is about mining.

if you cannot be in th mining game. much like people that gave up gold mining when pickaxes were obsolete.. they didnt just commit suicide. they looked at what other methods there are to get bitcoin.

open a web shop selling products for bitcoin

become a local exchange in your town to make a 1-5% spot commision per transaction.

do other jobs around the community where you are paid in bitcoin. but if all you are going to do is pop back every couple years, mine for a bit and then run off. then you will realise in 10 years that you WERE an early fosterer.. (temporary adoptor) and you just gave up to early.

keep that in mind

lots of great advice here.

no point in thinking "mining SHOULD be easier"...anymore than thinking sky should be green
cause i dont like blue...

nothing is going to change, in fact, mining will get harder.

find a way to earn extra cash...buy what you can and hold it.
where there's a will theres a way.

Sorry to hear about your troubles OP, but if earning BTC were easy, everyone would be doing it.

Bitcoiners around the world probably number in the single digit millions.  There are over 7 billion people in the world.  Think about that adoption rate for a second.  We're still in the early adopter phase, believe it or not.

Forget about mining for now, since you don't have the funds, you should be approaching other avenues to earn Bitcoins.

Provide a service, sell some goods, give advice in your town.  Accept all payments in BTC.  Maybe start an Indiegogo for your situation, but in Bitcoins.

Don't shrug off the sig campaigns either.  If you join and post enough, you can earn hundreds of dollars worth of BTC just doing what you normally do here.

There's several ways to go about this, but you'll have to get creative.

Don't give up dude.

Chuck

I think we are going to see more of this as people discover that the real strength of bitcoin is as a payment network, not as an investment.

Buy 1BTC, transfer to a paper-wallet, put the paper wallet in a sealed envelope - promise your self you will *never* break the seal. Stash the envelope away somewhere safe. Then will you be part of the bitcoin story no matter what happen.

Forget about mining at all. That's not going to work whatsoever. As for Bitcoin itself, don't risk any money if you're not willing to lose it. If you can't afford it to go down, just get out and don't come back until you can. At this point, putting money into Bitcoin really is kind of like stocks trading, it can go either way. If your financial situation is pretty tight, just go the safe way for now and once you're in a better standing, feel free to come back.

But that's just my take on it.

Nobodies holding you to Bitcoins. So you can drop out, if you want. Be my guest.  ::)

I'll buy your coins at $600 each. PM me.

I don't understand how I'm being painted as the bad guy in this, it's so negative and so unproductive. I wanted to join the community because from what I heard about bitcoin it was a pretty sweet thing. But the more and more I keep getting into the community it's like, just negativity. I'm trying to relay my story to people and instead of giving me productive answers it's like "you are a loser, stop being loser-y". So what's the deal here?

But see, even if I did that people would still be skeptical, I mean in the past month and a half three of my own relatives have been diagnosed with cancer, I'm STRUGGLING to even make ends meet. My mom graciously let's me stay with her but I help her out by taking her dogs out, and other stuff around the house while she goes through chemo treatments. I'm not doing anything for free. I'm not just sitting around wasting time, doing nothing. I'm actually TRYING. I'm not a loser, stuff happened a few years back that left me unable to fend for myself otherwise this topic would have never come up.

The whole indiegogo idea is bad because crowdfunding is like the devil nowadays I mean, there's no point at all to even try.

I don't have any coins, I have 36 dollars in a bitcoin right now from a sig campaign, that's all I have to my name. I'm eating ramen noodles out of a cup and living on power that isn't mine and internet that isn't mine, and I can barely even use that. What I do have are the clothes on my back, I'm helping my mother out going through chemo, my 89 year old grandmother has terminal cancer and will be dead in 6-8 months, and my father just got diagnosed with melanoma. I don't think it's too much to ask for a little help, I'm not saying "Give me ALL OF YOUR COINS" but just a bit of help here and there would be nice.

^ it just seems like you were expecting to use bitcoin as some sort of get-rich-quick scheme, and it's not working out so well so you are feeling a little down and mopey on yourself.

what are you doing throughout most of the day anyways? if all u did was stay on here and post, you could earn $400 a month from sig posting.

Well that's a little personal, but I am going to school trying to get my college education ended, I'm helping my mother out who has stage 3a breast cancer around the house with little things that she can't do because she's unable to do it. There's nothing else I can do right now, as soon as her treatments done and she feels better I'm moving home, and I have to move on my own but in order to do that I need some investment or something put aside so I can do that.

Not sure you're going to be able to hear this, based on your responses, but here goes...

In your first post you talk about how you could have stayed in when bitcoin was $14 USD bit didn't (your choice, understandably regrettable) and then go on to say it's not fair that mining is getting more and more difficult (that's how bitcoin is structured, for good reasons) and that early adopters should be sharing some of 'the pie' with newcomers.

Whether you realize it or not, you are shifting responsibility away from yourself and blaming external factors for your life situation (mining difficulty, early adopter success, economy in the south, etc and etc). This way of thinking disempowers you and is why people mention victim mentality. Successful people focus on what they can do now and what is in their control and then focus their energy there. Successful people keep in mind that they alone are ultimately responsible for their own happiness and act accordingly.  I'm only saying this as an objective observer and hope you can hear something helpful in this.

As far as bitcoin, I just got in myself and I just buy the little amounts I can, even if it's only 10% of my income.
Good luck.

Maybe Oprah or Ellen or TLC or those type shows are usually pretty charitable to tough cases like yourself.

I'd recommend some sort of charitable organization that can give you hand then.

Give me an address, I'll send you 200 BTC. That should be enough, right?

Ha good one, but seriously.

I'm sorry if I've appeared negative myself in this post I just have a lot on my plate and needed to vent at the time. (24 hour or less later I realize this is a stupid post) I realize that the people who were early adopters and are still holding on to coin are lucky, and they are smart. And I realize that 14 bucks is not a lot of money, I just wish I'd known then what I know now. And it sucks that it's so hard to get your hands on some coin. It sucks that there is so much on my plate right now that I can't think straight and make topics like these. All I want is some financial security in a time where so much is falling apart around me at once that I can't even imagine it happening, it's like a dream.

Anyways, I think maybe now I'll lock this topic because well this is stupid.

"Why should all of the early adopters be able to just hold on to 20k worth of bitcoin or whatever and not help contribute to the cause? Why shouldn't everyone have a little piece of the pie.

Because it takes stones to be an early adopter and not have taken yourself out of the market. Maybe some did get lucky [like you did in 2011] then they stayed in it.

You do have the opportunity right now to keep your piece of the pie ;-)

Wishing your family much health (I lost my foster momma to cancer).
Hang in there and keep whatever you can afford to in bitcoin while you relearn.

You, me, and the rest of the world.  Join the party. Hindsight is 20-20. 

Yeah, me too, a little skeptical of Bitcoin I mean. The thing that keeps me in is, where would I lose more? If I stay in and Bitcoin drops to a nickle, would I lose more than if I got out and Bitcoin went to $10,000?

I'm vested. I have been living without the cash that I used to invest. So, I might as well keep on living as I am, without the cash, and pray for $10,000. But if it goes to a nickle, well, I'll simply keep on living like I have been.

:)

Find a service people need and fill the gap..I started with 0 three months ago and started blogging for altcoins and btc..I managed to buy 6 bitcoin atm shares for around 7 btc, put 4k usd away and now buying a cointerra 1.6 terrashash rig, despite some losses I incurred as well on the way. I am a 48 year old middle aged non nerdy lady..If I can do it anyone can.. ;D..Don't give up BTC is the future..even if it is rocky..